Loren H Corder Foundation
- Assets
- $1.3m
- Revenue
- $56.4k
- Investments
- $1.1m
- Employees
- 0
- Location
- Long Beach, WA
- Founding
- 10/1992
- Data as of
- 12/2023
- EIN
- 94-3168145
Organization Overview
Loren H Corder Foundation is located in Long Beach, WA. The organization was established in 1992. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Loren H Corder Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Loren H Corder Foundation generated $56.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (13.7%) each year. All expenses for the organization totaled $101.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Loren H Corder Foundation has awarded 88 individual grants totaling $748,804. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles A Mikkola Trustee | 0 | $0 | |
Nathan Needham Trustee | 0 | $0 | |
Guy M Glenn Trustee | 0 | $0 | |
Virginia Leach Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,231 |
| Dividends & Interest | $45,652 |
| Net Rental Income | -$200 |
| Net Gain on Sale of Assets | $6,447 |
| Capital Gain Net Income | $6,447 |
| Net ST Capital Gain | $4,844 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $56,380 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,318 |
| Depreciation | $426 |
| Occupancy | $537 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,342 |
| Total operating and administrative expenses | $22,343 |
| Contributions, gifts, grants paid | $79,500 |
| Total expenses and disbursements | $101,843 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,734 |
| Savings and temporary cash investments | $69,023 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $477 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,137,669 |
| Net Land, buildings, and equipment | $118,312 |
| Other assets | $0 |
| Total assets | $1,339,215 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Loren H Corder Foundation has awarded $79,500 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
PENINSULA SENIOR CENTER PURPOSE: SENIOR SERVICES. | $7,500 |
COLUMBIA PACIFIC HERITAGE FOUNDATIO PURPOSE: PROMOTE PRESERVATION OF LOCAL HISTORY. | $5,000 |
HUMANE SOCIETY PURPOSE: HUMANE TREATMENT OF ABUSED AND ABANDONED PETS | $5,000 |
SVDP ILWACO FOOD BANK PURPOSE: FOOD BANK FOR THE NEEDY ON THE LONG BEACH PENINSULA. | $14,000 |
OCEAN PARK FOOD BANK PURPOSE: PROVIDE MEALS FOR THE NEEDY. | $14,000 |
REBUILDING TOGETHER PURPOSE: REHABILITATE HOMES FOR LOW INCOME HOMEOWNERS SUCH AS THE ELDERLY AND THOSE WITH DISABILITIES. | $20,000 |